P&G to Sell Frédéric Fekkai Brand and Salons

TODAY: May 22, 2015 PUB DATE: May 22, 2015

Procter & Gamble Co. will sell its Frédéric Fekkai hair care brand and salons, the latest move by the consumer-products company to focus on a smaller number of core brands. Designer Parfums, whose products include Jean Patou fragrances, and Luxe ...

H-P's Earnings Top Views Despite Revenue Drop--4th Update

TODAY: May 22, 2015 PUB DATE: May 22, 2015

By Robert McMillan Hewlett-Packard Co.'s upcoming breakup into two separate companies will cost billions--but there will be $1 billion in cost savings too, the company said Thursday. The storied Silicon Valley institution will formally divide into two public companies by ...

U.S. Sanctions Triggered by Plane Sale to Iran's Mahan Air

TODAY: May 22, 2015 PUB DATE: May 22, 2015

By Jay Solomon WASHINGTON--The U.S. took punitive measures against an Iraqi airline and a Syrian businessman on Thursday over the sale of aircraft to a blacklisted Iranian airline, in a case that has sparked concerns that U.S. sanctions are beginning ...

Key House Lawmaker Sends Subpoena to Fed Over 2012 Leak

TODAY: May 22, 2015 PUB DATE: May 22, 2015

House Financial Services Committee Chairman Jeb Hensarling (R., Texas) sent a subpoena Thursday to the Federal Reserve seeking documents related to the publication of details of market-sensitive policy deliberations in October 2012. The subpoena comes almost three weeks after Fed ...

Turkey's Ford Otosan Resumes Production After Labor Protest

TODAY: May 22, 2015 PUB DATE: May 22, 2015

By Yeliz Candemir ISTANBUL--Ford Otomotiv Sanayi AS, the Turkish unit of Ford Motor Co. (F) in partnership with Koc Holding AS (KCHOL), said Friday that it has resumed production at its two plants after a brief suspension due to a ...

German Business Confidence Slips

TODAY: May 22, 2015 PUB DATE: May 22, 2015

By Nina Adam The Ifo measure of German business confidence weakened for the first time in seven months in May, albeit only slightly, as companies scaled back their business expectations, another sign that growth in Europe's largest economy is losing ...

Malaysia April CPI Rises +1.8% on Year; Below Forecast

TODAY: May 22, 2015 PUB DATE: May 22, 2015

By Jason Ng KUALA LUMPUR--Malaysia's consumer price index, the main gauge of inflation, rose 1.8% in April from a year earlier mainly due to costlier alcoholic drinks, healthcare, restaurants, and food, official data showed Friday. The Wall Street Journal's poll ...

WPP's Chinese Unit Buys Singapore Based Marketing Firm 3ree

TODAY: May 22, 2015 PUB DATE: May 22, 2015

LONDON--Advertising company WPP PLC (WPP.LN) said Friday that its Chinese unit, Always Marketing Services, will acquire Singapore based marketing company 3ree for an undisclosed sum. 3ree offers event management, sourcing and production of marketing premiums, project management for exhibitions and ...

UK Treasury Cuts Down Borrowing in April

TODAY: May 22, 2015 PUB DATE: May 22, 2015

By Jon Sindreu and Matthew Cowley LONDON--U.K. Treasury Chief George Osborne got off to a bumper start to the fiscal year as a boost in tax receipts in April allowed the government to borrow much less than expected. The public ...

Dollar Falls Against Yen As Investors Await BOJ Kuroda Remarks

TODAY: May 22, 2015 PUB DATE: May 22, 2015

By Hiroyuki Kachi The dollar was lower against the yen in Asia trade Friday, as investors await Bank of Japan Gov. Haruhiko Kuroda's comments after the central bank decided to stand pat at its policy setting meeting. Around 0450 GMT, ...

Vanguard Natural Resources to Buy Eagle Rock Energy Partners

TODAY: May 22, 2015 PUB DATE: May 22, 2015

Vanguard Natural Resources LLC, a U.S. oil-and-gas producer, has agreed to acquire smaller rival Eagle Rock Energy Partners L.P. for $474 million plus debt, the two Houston-based companies said Thursday. The deal gives Vanguard a bigger presence in Oklahoma, where ...

Marathon Experiences Brief Power Outage at Louisiana Refinery

TODAY: May 22, 2015 PUB DATE: May 22, 2015

By Dan Molinski Marathon Petroleum Corp. said Thursday a brief electricity shutdown disrupted operations at its Garyville, La., refinery, one of the U.S.'s largest. "We can acknowledge a brief power outage occurred at our Garyville refinery with minimal impact on ...

BlackBerry to Buy Back About 2.6% of Outstanding Shares

TODAY: May 22, 2015 PUB DATE: May 22, 2015

BlackBerry Ltd. will buy back about 2.6% of its shares outstanding to offset the impact of a proposed employee share purchase plan and the increase in the shares it can offer under its equity incentive plan, the company said Thursday. ...

Domestic Demand Propels Germany's Economy

TODAY: May 22, 2015 PUB DATE: May 22, 2015

By Nina Adam FRANKFURT--Domestic demand propelled Germany's economy in the first quarter, as both private consumption and investment spending increased, the federal statistics office, Destatis, said Friday. But sluggish exports and falling inventories meant growth fell short of an extraordinarily ...

Dollar Slips After Weak U.S. Data -- Update

TODAY: May 22, 2015 PUB DATE: May 22, 2015

By Josie Cox The dollar slipped against the euro Friday after lackluster U.S. data in the previous session damped investors' outlook for stronger growth in the second quarter. By midmorning in Europe, the euro was 0.5% higher at over $1.116, ...

Domestic Demand Propels German Economy

TODAY: May 22, 2015 PUB DATE: May 22, 2015

FRANKFURT—Domestic demand propelled Germany's economy in the first quarter, as both private consumption and investment spending increased, the federal statistics office, Destatis, said Friday. But sluggish exports and falling inventories meant growth fell short of an extraordinarily strong fourth quarter. ...

Dollar Slips After Weak U.S. Data -- 2nd Update

TODAY: May 22, 2015 PUB DATE: May 22, 2015

By Josie Cox The dollar slipped against the euro Friday after lackluster U.S. data in the previous session damped investors' outlook for stronger growth in the second quarter. By midday in Europe, the euro was close to 0.8% higher at ...

Cerberus Sells Part of Seibu Stake

TODAY: May 22, 2015 PUB DATE: May 22, 2015

TOKYO—U.S. private-equity firm Cerberus Capital Management LP has sold a chunk of its stake in Japanese hotel and railway operator Seibu Holdings Inc. worth more than $800 million, according to people familiar with the matter. Cerberus, one of the first ...